<figure class="wp-block-image size-large"><img width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16151010/LLBlog_473Cover-1-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16151010/LLBlog_473Cover-1-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16151010/LLBlog_473Cover-1-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16151010/LLBlog_473Cover-1.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/07084234/LLBlog_473Cover-1-1024x576-1.webp" alt="being wrong about bitcoin" class="wp-image-6526"/></figure>



Bitcoin is undoubtedly one of <a href="https://www.thecoinzone.com/blockchain/100x-return-crypto">the greatest financial success stories</a> of our time. But it&#x27;s also an asset that people have been wrong about, over and over again.



In fact, Bitcoin has been declared to be dead <a href="https://bitcoindeaths.com/">more than 400 times</a>.



With Bitcoin having reached an often-thought-impossible milestone of $100,000 USD per coin this year, let&#x27;s look at some of the experts who told us this would never happen.



<h2 class="wp-block-heading has-text-align-left tablecontent">1. &quot;Cryptocurrencies Have No Value...&quot;</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144327/LLBlog_473C-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144327/LLBlog_473C-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144327/LLBlog_473C-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144327/LLBlog_473C.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144327/LLBlog_473C-1024x576.webp" alt="warren buffet wrong about bitcoin" class="wp-image-6515"/></figure>



Warren Buffett has been, perhaps, one of Bitcoin’s most vocal critics. Back in<a href="https://www.cnbc.com/2014/03/14/buffett-blasts-bitcoin-as-mirage-stay-away.html#:~:text=You%20can%20transmit%20money%20by,a%20joke%20in%20my%20view.%E2%80%9D" target="_blank" rel="noreferrer noopener"> 2014</a>, he called BTC a “mirage” and advised investors to stay away from it.



As the years go by, he hasn&#x27;t seemed to change his point of view. Here are some of his most popular quotes about Bitcoin:



<ul>
<li>In 2017, he called Bitcoin a <a href="https://www.forbes.com/sites/johnwasik/2017/11/06/why-buffett-sees-bitcoin-bubble/" target="_blank" rel="noreferrer noopener">“bubble</a>”.</li>



<li>In 2018, he described Bitcoin as “<a href="https://finance.yahoo.com/news/warren-buffett-says-wouldnt-pay-175917403.html#:~:text=Speaking%20at%20Berkshire%20Hathaway%20Inc,reported%20by%20CNBC&#x27;s%20Becky%20Quick." target="_blank" rel="noreferrer noopener">probably rat poison squared</a>”.</li>



<li>In 2019, he named Bitcoin a “delusion” and added that it “<a href="https://www.cnbc.com/2019/02/25/warren-buffett-says-bitcoin-is-a-delusion.html#:~:text=%E2%80%9CIt%20attracts%20charlatans%2C%E2%80%9D%20Buffett,and%20CEO%20of%20Berkshire%20Hathaway.&amp;text=Buffett%20has%20been%20a%20long%2Dtime%20critic%20of%20cryptocurrency." target="_blank" rel="noreferrer noopener">attracted charlatans</a>”.</li>



<li>In 2020, he said that cryptocurrency “<a href="https://www.cnbc.com/2020/02/24/warren-buffett-cryptocurrency-has-no-value.html" target="_blank" rel="noreferrer noopener">had no value</a>”.</li>



<li>In 2024, he predicted a “<a href="https://www.nasdaq.com/articles/warren-buffett-predicts-bad-ending-bitcoin-it-doomed-investment" target="_blank" rel="noreferrer noopener">bad ending</a>” for Bitcoin.</li>
</ul>



That being said, there&#x27;s a rumor that Buffet has <a href="https://www.nasdaq.com/articles/warren-buffett-doesnt-own-bitcoin-but-his-company-is-betting-$1-billion-on-this-crypto" target="_blank" rel="noreferrer noopener">indirect exposure to cryptocurrencies</a> through his holding company, Berkshire Hathaway. Draw your own conclusions.



<h2 class="wp-block-heading tablecontent">2. &quot;Bitcoin Is Dead...&quot;</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144330/LLBlog_473E-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144330/LLBlog_473E-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144330/LLBlog_473E-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144330/LLBlog_473E.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144330/LLBlog_473E-1024x576.webp" alt="hinrikus bitcoin" class="wp-image-6518"/></figure>



The CEO of fintech startup TransferWise used to be one of Bitcoin&#x27;s passionate critics a few years ago.



During his <a href="https://www.businessinsider.com/transferwise-on-bitcoin-techcrunch-disrupt-2015-12" data-type="link" data-id="https://www.businessinsider.com/transferwise-on-bitcoin-techcrunch-disrupt-2015-12" target="_blank" rel="noreferrer noopener">speech at a London tech conference</a> in 2015, he said: &quot;We’re very much a consumer-led company. The trouble with Bitcoin is nobody’s asking for it.&quot;



In 2016, he doubled down on his point of view. In an <a href="https://finance.yahoo.com/news/bitcoin-is-dead-says-prominent-fintech-executive-taavet-hinrikus-transferwise-bitcoin-experiment-failed-191800988.html" target="_blank" rel="noreferrer noopener">interview with Yahoo Finance</a>, he said “Bitcoin, I think we can say, is dead. There is no traction, no one is using Bitcoin. The Bitcoin experiment, I think we can say, is over.&quot;



Today, over eight years later, I think there&#x27;s a few million bag holders who would disagree.



<h2 class="wp-block-heading tablecontent">3. &quot;Crypto Will Collapse in 2023...&quot;</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144333/LLBlog_473H-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144333/LLBlog_473H-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144333/LLBlog_473H-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144333/LLBlog_473H.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144333/LLBlog_473H-1024x576.webp" alt="ben mckenzie bitcoin" class="wp-image-6521"/></figure>



Ben McKenzie is an American actor, author, and commentator with a lot to say about Bitcion.



In his book “<a href="https://ben-mckenzie.com/" target="_blank" rel="noreferrer noopener">Easy Money</a>”, he calls crypto a financial bubble and highlights the prevalence of fraud in this industry. In addition, he considers El Salvador’s adoption of Bitcoin as a case study of crypto failures.



According to <a href="https://www.theguardian.com/tv-and-radio/2023/jul/15/ben-mckenzie-interview-oc-cryptocurrency" target="_blank" rel="noreferrer noopener">The Guardian</a>, he bet against the crypto market in 2023. In the process, he managed to lose $250,000 USD predicting that the market would collapse.



Imagine if he had just <a href="https://www.thecoinzone.com/wealth-building/watch-why-youre-not-early-to-crypto-anymore/" data-wpil-monitor-id="1863">bought crypto instead</a>.



<h2 class="wp-block-heading tablecontent">4. &quot;Bitcoin Is a Fraud That Will Blow Up...&quot;</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144329/LLBlog_473D-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144329/LLBlog_473D-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144329/LLBlog_473D-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144329/LLBlog_473D.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144329/LLBlog_473D-1024x576.webp" alt="jamie dimon bitcoin" class="wp-image-6517"/></figure>



The Chief Executive of the largest bank in the US has been vocal against Bitcoin over the last few years.



In 2017, he said that &quot;<a href="https://www.theguardian.com/technology/2017/sep/13/bitcoin-fraud-jp-morgan-cryptocurrency-drug-dealers" target="_blank" rel="noreferrer noopener">Bitcoin is a fraud that will ultimately blow up</a>”. Moreover, he promised to fire anyone caught trading Bitcoin that year.



That&#x27;s back when it was worth just $4,000 USD per coin.



However, in 2024, JP Morgan disclosed that its investments in BlackRock&#x27;s iShares Bitcoin Trust total more than $700,000.



Double standards are everywhere.



<h2 class="wp-block-heading tablecontent">5. &quot;Bitcoins Are a Bubble...&quot;</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144331/LLBlog_473F-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144331/LLBlog_473F-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144331/LLBlog_473F-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144331/LLBlog_473F.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144331/LLBlog_473F-1024x576.webp" alt="Alan Greenspan Crypto" class="wp-image-6519"/></figure>



This is what the <a href="https://www.bloomberg.com/news/articles/2013-12-04/greenspan-says-bitcoin-a-bubble-without-intrinsic-currency-value" target="_blank" rel="noreferrer noopener">ex-chairman of FedReserve said</a> in December 2013, right when Bitcoin reached its all-time high, surging from $128 to $1,152 USD per coin in a matter of two months.



I wonder how he feels looking at today&#x27;s charts.



<figure class="wp-block-image size-full"><img loading="lazy" width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144326/LLBlog_473B-300x157.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144326/LLBlog_473B-768x402.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144326/LLBlog_473B.webp 985w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144326/LLBlog_473B.webp" alt="BTC Price" class="wp-image-6514"/><figcaption class="wp-element-caption"><a href="https://coinmarketcap.com/currencies/bitcoin/">CoinMarketCap</a>: Bitcoin’s previous all-time highs look tiny compared to today.</figcaption></figure>



<h2 class="wp-block-heading tablecontent">6. &quot;BTC&#x27;s Value is Less Than Zero...&quot;</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144332/LLBlog_473G-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144332/LLBlog_473G-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144332/LLBlog_473G-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144332/LLBlog_473G.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144332/LLBlog_473G-1024x576.webp" alt="Roubini Bitcoin" class="wp-image-6520"/></figure>



Nouriel Roubini, a.k.a. “Dr. Doom,” is a prominent economist recognized for his prediction of the 2008 global financial crisis.



But he&#x27;s also become known for his heavy criticism of cryptocurrencies.



Here are some of his famous quotes:



“Literally 99% of crypto is a scam”, this is what <a href="https://finance.yahoo.com/news/nouriel-roubini-crypto-scam-144628068.html" target="_blank" rel="noreferrer noopener">he said in early 2018</a>, a couple of months after FTX’s collapse.



“The fundamental value of Bitcoin (BTC) is not zero, it is negative”, - <a href="https://www.youtube.com/watch?v=6Re-PzNEMvc" target="_blank" rel="noreferrer noopener">Yahoo Finance</a>, 2020.



<h2 class="wp-block-heading tablecontent">7. &quot;Bitcoin Will Hit $500k By 2020...&quot;</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144335/LLBlog_473J-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144335/LLBlog_473J-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144335/LLBlog_473J-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144335/LLBlog_473J.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144335/LLBlog_473J-1024x576.webp" alt="John McaFee Bitcoin" class="wp-image-6523"/></figure>



Finally, we can&#x27;t forget one of the most famous examples of someone being wrong about Bitcoin.



This time, however, it&#x27;s an example of someone being a little too bullish.



John McAfee, famous businessman and occasional star of some of the world&#x27;s most insane headlines, was a true Bitcoin believer.



In 2017, when the bull run was just gaining momentum, he caused a stir by <a href="https://www.thecoinzone.com/news/ripple-ceo-bitcoin-prediction-2026/" data-wpil-monitor-id="1807">betting that Bitcoin would cost</a> $500,000 USD in the next three years.



<figure class="wp-block-image size-full"><img loading="lazy" width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16151849/LLBlog_473K-300x156.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16151849/LLBlog_473K-768x400.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16151849/LLBlog_473K.webp 983w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16151849/LLBlog_473K.webp" alt="" class="wp-image-6533"/></figure>



Suffice to say, McAfee was far off. Which goes to show that you shouldn&#x27;t believe a prediction just because you want it to come true.



In fact, what all of the short-sighted predictions on this list show us is that anyone who tries to tell you the future probably isn&#x27;t worth your time in the present.

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